India's central bank on Tuesday hiked its key rates by 50 basis points each in the 11th such exercise since January 2010 to tame inflation, setting the stage for commercial banks to raise their intere

Following are the highlights of monetary policy update conducted by Reserve Bank of India (RBI) Governor D. Subbarao that saw key rates hiked by a steep 50 basis points on Tuesday:

* Repurchase rate,

Welcoming the Reserve Bank's decision to hike key rates by a hefty 50 basis points, Finance Minister Pranab Mukherjee on Tuesday said it will help bring down inflation to a comfortable level of 6-7

The Reserve Bank on Tuesday said the country has sufficient liquidity to manage a possible US sovereign debt default and that the central bank is prepared for any repercussions in the financial market

Three weeks after the 25 paise coins were withdrawn from circulation, the Reserve Bank of India (RBI) on Friday announced it will introduce new coins in five denominations -- from 50 paise to Rs10.

T

The data on industrial output and inflation is flawed as it does not reflect the correct picture and could ‘potentially mislead policy calculations’, Reserve Bank of India (RBI) Governor Duvvuri Subba

The Reserve Bank of India (RBI) on Monday fixed the reference rate for the US dollar at 45.10 and the euro at 63.75, as against 44.94 per dollar and 64.09 per euro on last on Friday.

Continuing its hawkish monetary stance to curb high inflation, the Reserve Bank of India (RBI) on Thursday hiked short-term lending rates by 25 basis points, the tenth time it has raised interest rates since March 2010.

With inflation hovering much above the comfort zone, the Reserve Bank of India (RBI) may raise key policy rates by 25 basis points in its first mid-quarterly review of the credit policy for FY12 on Th

The Reserve Bank on Friday said it would soon issue new notes of Rs 100 and Rs 10 denominations in the existing series named after Mahatma Gandhi.

While the Rs 100 denomination notes will have the in